Tower Semiconductor LTD income statement

In fiscal 2025, Tower Semiconductor LTD reported revenue of $1.57bn, up 9.1% on the year before, operating income of $194m (a 12.4% margin) and net income of $220m, or $1.94 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Tower Semiconductor LTD: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	299	509	611	639	505	828	961	1,250	1,387	1,304	1,234	1,266	1,508	1,678	1,423	1,436	1,566
Cost of revenue	325	402	526	560	477	764	755	947	1,033	1,011	1,004	1,032	1,179	1,211	1,069	1,097	1,202
Gross profit	−26	107	85	79	28	64	205	303	354	293	230	233	329	466	354	339	364
Research and development	23	24	25	31	33	52	62	63	68	73	76	78	85	84	80	79	86
Selling, general and administrative	32	40	48	44	43	59	63	65	67	65	67	64	77	80	72	75	83
Operating income	−82	43	10	−3	−55	−104	82	175	220	155	87	91	167	312	547	191	194
Interest expense	—	26	28	32	33	33	13	13	13	11	7	7	7	6	4	4	4
Income before tax	−125	−30	3	−63	−117	−26	−41	211	202	139	91	89	155	292	585	217	240
Income tax	−5	13	21	7	−9	−25	−12	1	−100	6	3	5	1	26	65	10	22
Net income	−120	−42	−19	−70	−108	4	−30	204	298	136	90	82	150	265	518	208	220
Diluted EPS	—	—	—	—	—	$0.07	—	$2.09	$2.90	$1.32	$0.84	$0.76	$1.37	$2.39	$4.66	$1.85	$1.94
Diluted shares (average)	170m	16m	—	22m	40m	63m	74m	101m	106m	103m	107m	108m	110m	111m	111m	112m	114m
EBITDA	62	186	173	171	96	100	250	373	428	369	301	332	437	604	805	458	497

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Tower Semiconductor LTD's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Tower Semiconductor LTD.